"If all you ever did was buy high-quality stocks on the 200-week moving average, you would beat the S&P 500 by a large margin over time. The problem is, few human beings have that kind of discipline." (Charles Munger)

The Corporate Finance and Valuation Professor shares why companies need to accept that they go through life cycles, and explains how their focus should change in each stage of the life cycle.

Volume Profile (VP) or Volume at Price (VAP) or Price by Volume (PBV) chart is a horizontal histogram plotted on a security's chart, showing the volume of shares traded at a specific price level. Often times, Volume Profile histograms are found on the Y-axis and are used by technical traders to predict areas of support and resistance.

Citigroup Economic Surprise Index represents the sum of the difference between official economic results and forecasts. With a sum over 0, its economic performance generally beats market expectations. With a sum below 0, its economic conditions are generally worse than expected. Surprise index readings climb up as economy recovers but declines fast as economy declines.

The percentage of stocks trading above a specific moving average is a breadth indicator that measures internal strength or weakness in the underlying index.

The EBITDA multiple for a specific sector is calculated by dividing the total enterprise value of all sector companies by the total sum of annual EBITDA of the companies.

Despite market turbulence, stock buybacks are on track to hit record levels by year-end. This signals a vote of confidence from corporations on their financial health even as a recession looms large.
In this Markets in a Minute from New York Life Investments, we chart the growth of buybacks over the last two decades and the implications for investors looking ahead.

In this video, you will learn the basics of the smart/dumb money confidence indicators. We go over how they are calculated, how to read the charts, and what is smart vs. dumb money.

The enterprise value (EV) to the earnings before interest, taxes, depreciation, and amortization (EBITDA) ratio varies by industry. However, the EV/EBITDA for the S&P 500 has typically averaged between 11 and 16 over the last few years. EBITDA measures a firm's overall financial performance, while EV determines the firm's total value.

Come già successo troppe volte in passato, la classe politica appare scoprire i problemi del sistema bancario quando si manifestano crisi e scandali. E questo dimostra che il mondo bancario e finanziario ha conquistato un potere rilevante e incontrollato dal potere politico.

The growth in rates and the fall in the stock markets following the declarations of the head of the Fed, Ben Bernanke, on the imminent reduction of monetary stimuli, which, moreover, already showed some limits, as anticipated and indicated elsewhere, demonstrate that expansionary monetary policies can generate benefits in the short term but they are like a drug that induces the sensation of relief until it is administered, until it produces addiction and until one thinks one can take other doses but, then, it induces depression and states of further and growing discomfort .

The events of the euro and the process of European monetary integration are increasingly leading to the creation of factions and conflicts regarding the purposes and methods with which it is believed that the single currency can and must be a value that justifies the policies promoted by the countries adhering to the ' European Monetary Union, especially those who have the greatest need for public finance recovery.

The comparison between the two main positions for the resolution of the international economic crisis can also be understood on the basis of criteria that concern the social psychology of the two main nations that represent them, USA and Germany.

In recent times there seems to be emerging among European leaders a growing awareness of the need to provide for greater integration of economic and financial governance structures and processes and to attempt to save the existence of the euro and, hopefully, to arrive at a new phase that allows us to consolidate and strengthen the common currency also to encourage the effective political construction of Europe.